GameStop Teases Crypto Move: Stock Surges on Bitcoin Investment Hints
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- GameStop shares surged on Thursday following Bitcoin adoption speculation.
- The gaming company hinted at plans to invest in Bitcoin or alternative crypto.
- GME’s surging prices highlights crypto users’ prevailing sentiment.
Video game retailer GameStop saw its shares rally on Thursday after the company hinted about plans to invest in cryptocurrencies such as Bitcoin. Information about GameStop’s crypto plans boosted the speculation after the gaming company’s CEO, Ryan Cohen, posted a photo of himself with Strategy co-founder Michael Saylor.
While Cohen’s post set off a lot of speculation, new reports say Saylor isn’t actually involved in GameStop’s crypto investment thoughts. The company is still figuring out if they’ll hold Bitcoin or other digital assets.
It is worth mentioning that GameStop grew significantly from 2021 when Cohen took over. He came onboard just before the meme stock craze that launched GameStop shares to crazy highs in early 2021. Then, the crypto market tanked, dragging down the value of many assets.
Related: GameStop Shares Skyrocket Amid Renewed Retail Investor Fervor
However, GameStop’s shares jumped over 6.7% in …
The post GameStop Teases Crypto Move: Stock Surges on Bitcoin Investment Hints appeared first on Coin Edition.
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